Actuary Modeler

FIS•Minneapolis, MN

3d•$101,500 - $172,550

About The Position

The US Actuarial Modeler joins FIS’s US Actuarial Library team to support the continued enhancement of the US actuarial libraries within the FIS Insurance Risk Suite (Prophet). The role helps expand Prophet’s modeling capabilities to address evolving customer needs, insurance products, and regulatory requirements across the US insurance industry. It works with actuarial teams and other stakeholders to deliver reliable modeling solutions that help insurers and reinsurers manage risk.

Requirements

Bachelor’s degree in Mathematics, Actuarial Science, or another quantitative or science-based discipline.
At least 5 years of experience working within a life insurance organization or actuarial consulting environment.
Associate or Fellow of the Society of Actuaries (SOA), or Member of the American Academy of Actuaries (MAAA).
At least 5 years of experience using Prophet, or demonstrably equivalent experience with actuarial modeling platforms, including involvement in key business or modeling projects.
Strong knowledge of the US insurance industry and applicable regulatory and financial reporting frameworks.
Knowledge of US Statutory pre-PBR and PBR requirements, US GAAP pre-LDTI and LDTI requirements, US Tax reserves, and asset/liability management or cash flow testing.
Strong analytical and problem-solving skills, including the ability to evaluate complex actuarial modeling requirements.
Proficiency in Microsoft Excel, Word, and PowerPoint.

Nice To Haves

Familiarity with US actuarial libraries supplied with Prophet, preferably the US 360 libraries.
Experience with advanced Prophet modeling techniques, including new business processing, calculation looping, rebasing, goal seeking, extended formulas, nested structures, modules, and dynamic or stochastic modeling.
Understanding of potential model performance bottlenecks and approaches for optimizing model performance.
Technical knowledge of programming and systems development.
Knowledge of cloud infrastructure and technology.

Responsibilities

Develop and enhance actuarial code within US liability libraries supporting life, annuity, and health insurance products.
Analyze and solve complex actuarial modeling challenges with a high degree of autonomy.
Review peers’ actuarial code for accuracy, quality, and appropriateness.
Ensure actuarial product deliverables are accurate, well documented, and meet customer and business requirements.
Partner with other actuarial teams to develop and deliver holistic modeling solutions.
Support enhancements to Prophet modeling capabilities in response to insurance product, regulatory, and reporting developments.
Communicate effectively with internal stakeholders and external partners, including clients and vendors.